Methane Mitigation: Technology & Innovation Summit Blog

Accurate measurement of the intermittency of emissions is critical for unlocking the full potential of methane mitigation (e.g., flare malfunctions, process upsets), emissions reconciliation (e.g., OGMP 2.0), and minimization of compliance penalties (e.g., the IRA of 2022 methane waste fee).

Tracking greenhouse gas emissions is like solving a puzzle with pieces scattered across the globe. Each emission source is a piece of the puzzle, and without a complete picture, it's difficult to plan the strategy and understand the scope of reduction or its effect on climate change. Satellite emissions monitoring is that tool that gives us a comprehensive picture of global emissions that helps us put together this puzzle...

Each vertical of the oil and gas industry faces their own unique challenges, that's why at the Methane Mitigation: Technology & Innovation Summit, we have dedicated tracks running throughout the event to allow you to cater the agenda to your needs. Below you'll find a small taste of the tracks that are running on day two of the event, and how they can assist you in your methane reduction goals.

The oil and gas industry stands at the intersection of unprecedented challenges and transformative opportunities. In 2024, the sector faces a confluence of hurdles, including a shifting greenhouse gas (GHG) regulation landscape, demands for traceability and auditability, and the crucial integration of these aspects with operations and engineering. As the stakes rise with new regulations, this blog post explores the pressing challenges, regulatory changes, and direct consequences for oil and gas companies, emphasizing the need for tailored software solutions in this evolving landscape.

To achieve methane reductions consistent with global climate objectives, swift and significant action is needed. While industry efforts are important, government policy is to play the leading role. Regulations that aim to stop the avoidable release of methane into the atmosphere and minimize leaks will set the standard for energy companies and encourage accountability. As the industry progresses towards a more sustainably efficient future, here’s what you need to know:

Methane, identified by its chemical formula CH4, stands as a primary component of natural gas and ranks as the second most abundant anthropogenic greenhouse gas after carbon dioxide CO2. With a lifetime of approximately a decade and a Global Warming Potential roughly 80 times greater than that of CO2 within 20 years of its release into the atmosphere, methane contributes to a third of the global warming we are experiencing today.